Michael Saylor’s MicroStrategy Buys 5,050 More Bitcoin As Total Investment Exceeds $3.1 Billion
On Monday MicroStrategy CEO Michael Saylor announced that the firm purchased an additional 5,050 bitcoin for about $242.9 million in cash during the third quarter period.
The firm purchased the coins at an average price of $48,099 per bitcoin. Saylor tweeted, “As of 9/12/21 we #hodl ~114,042 bitcoins acquired for ~$3.16 billion at an average price of ~$27,713 per bitcoin.”
During the third quarter of 2021 MicroStrategy purchased a total of 8,957 bitcoin for approximately $419.9 million. The average price per Bitcoin was $46,875.
To date, the company holds approximately 114,042 bitcoin, acquired at an aggregate purchase price of $3.16 billion and an average price per bitcoin of $27,713 per bitcoin, inclusive of fees and expenses. The firm owns more Bitcoin than any other public company in the world.
The purchase comes after MicroStrategy sold off its class A common stock in Jeffries, an ATM facility. During the third quarter, MicroStrategy sold an aggregate of 555,179 shares of the ATM facility at an average gross price per share of $727.64 for about $399.9 million.